HR Glossary

What is Phantom Stock?

A deferred compensation plan that pays employees cash bonuses tied to the value of company stock, without issuing actual shares or diluting existing ownership.

Why it matters in hiring

Phantom Stock comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with P

• Perquisites (Perks)
• Pet Insurance
• PIPEDA - Personal Information Protection (Canada)
• PIPL - Personal Information Protection Law (China)
• Police Clearance Certificate (Singapore)
• POSH Act
• Pre-boarding
• Pre-Employment Testing

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